|||| "The institutional explanation of the bias builds upon a rich body of literature on cadre management and the fiscal system, and will be good reading for graduate and advanced students. All in all, the book is a welcome contribution to the literature of rur
The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC loans were in o...
[PDF.hh10] Prosper or Perish: Credit and Fiscal Systems in Rural China Rating: 4.74 (744 Votes)
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